CHF value justifies further SNB action?
Feb 19, 2016 14:41 pm UTC| Commentary Central Banks
Despite the turmoil in the global equity markets, the Swiss Franc has remained on a weakening trend since the start of the year. The temporary strength seen in early February on volatility and Fed re-pricing is unlikely to...
It is too late for Banxico to stop peso’s decline via rate hike
Feb 19, 2016 07:19 am UTC| Commentary Central Banks
The Bank of Mexico unexpectedly raised its overnight rate to 3.75% yesterday in a bid to support its weakening currency. The timing of the rate rise was a surprise to markets. The inflation situation and state of the...
ECB January meeting minutes indicate additional easing of policy in March
Feb 19, 2016 06:15 am UTC| Commentary Central Banks
The ECBs January policy meeting minutes indicate that the governing council will take measures to further loosen monetary policy in March. The council members, on back of the increased global market turmoil, broadly agreed...
Will weak Australia's unemployment print make the RBA less confident?
Feb 18, 2016 15:07 pm UTC| Commentary Central Banks
Data released earlier today showed that Australias total employment in Jan fell 7.9k compared to a market median of +13k and a range of -30k to +40k. The driver of soft employment was a fall of 40,600 in full-time...
Riksbank may have to take further measures to achieve a smooth and gradual strengthening of the SEK
Feb 18, 2016 14:36 pm UTC| Commentary Central Banks
Data showed that Swedens inflation for January came in better than expected, somewhat higher than the Riksbanks view. CPI m/m came in at -0.34% (Nordea -0.58; consensus -0.6; prior 0.1), while CPIF inflation, with or...
PBoC takes up RRP route instead of a cut
Feb 18, 2016 11:49 am UTC| Commentary Central Banks
Today, Peoples bank of China (PBoC) announced that it will be conducting its open market operations (OMO) on a daily basis, instead of previous system of conducting on Thursday and Friday. These OMOs are vital source of...
PBoC likely to cut the policy rate by 25bps in Q1
Feb 18, 2016 10:41 am UTC| Commentary Central Banks
Chinas CPI inflation rose 1.8 percent in January from a year earlier, slightly weaker than market expectations of 1.9 percent; however, it was up from a 1.6 percent increase in December. The rise in CPI inflation is mainly...